BusinessDay

MAN 50th AGM: Dangote, others to discuss on Nigeria’s industrialization journey

Aliku Dangote, chief executive officer of Dangote Group, and other key stakeholders in the manufacturing sector will be present at the 50th AGM to discuss the growth, performance, and solutions to challenges facing the industry.

The AGM is scheduled for October 17 to October 19, 2022, at the Oriental Hotel, Lagos.

Ahmed Mansur, president, Manufacturers Association of Nigeria, explained that the AGM will feature the 2nd Adeola Odutola lecture, a major programme of the association.

According to Mansur, ” The lecture titled, ‘An Agenda Setting for Nigeria’s Industrialisation’, was born out of the need to take stock of the nation’s journey to industrialization, ascertain the pains and pain points, highlight the performance limiters, while also recognising gains and growth milestones.”

Read also: Presidency moves to resolve Dangote Cement, Kogi government crisis

Also, speaking on the stagnant performance of the sector over the years, Mansur tasks aspiring leaders that will be elected in 2023 to put the acceleration of the manufacturing sector at the forefront of their economic agenda, adding the need for the leaders to recognise that “the development of the manufacturing sector remains critical to national growth.”

“It is a matter of great concern to our members that even as our economy continues to experience very slow growth, our policymakers and government at all levels continue to compound the situation by introducing new taxes that further worsen the difficulty and a high-cost operating environment, which have to continue to make us less competitive”

He added that when the economy slows down in some climes, the government reduces taxes to encourage businesses to expand, create more jobs and increase economic activity, while in Nigeria, despite increased taxes, there is still the introduction of new taxes, turning every public agency to a revenue collector.

Meanwhile, he disclosed that Dangote will be the guest speaker at the event, adding that dignitaries like President Muhammad Buhari will also be present at the event.

The 3-day event, according to Mansur, will also feature – made in Nigeria product exhibition, which aims at boosting patronage of locally made goods in Nigeria.

He said, “It is only when we consume what we make that we will continue to grow our economy.”